Big picture - Why invest in Plexus Holdings
Plexus Holdings Snapshot
Plexus Ocean Systems Ltd. provides various products to the Oil and Gas industry utilising its patented POS-GRIP® Friction Grip Technology. Having already been used on hundreds of wells throughout the world, Plexus continue to develop the technology and its products range to provide solutions to the industry in areas where none were available or which needed to be improved.
POS-GRIP Technology was initially created as a method of supporting oil field tubulars with an externally activated radial friction grip.
Its first application in the oil and gas industry was through the introduction of an adjustable rental wellhead system for jack-up exploration drilling.
The benefits demonstrated by the POS-GRIP jack-up drilling system, used in conventional field applications, led to the development of proprietary, specialised high pressure and high temperature (HP/HT) HG Production Wellhead systems, which are key to the industry as it shifts to more extreme operational environments in response to increasing global demand for oil and gas products.
The operational and cost saving benefits delivered by the original POS-GRIP standard pressure exploration jack-up drilling system led to the development of proprietary, specialised high pressure and high temperature (HP/HT) jack-up drilling systems as well as HG Production Wellhead systems, and Connectors
Subsea Product Systems include:
• Python® Subsea Wellheads
• M2S Subsea Wellheads
• POS-SET Connector
Surface Product Systems include:
• POS-GRIP Exploration Wellhead Systems
• POS-GRIP “HG” Production Wellheads
• Tersus Mudline Systems
Our Technologies Division is the research and development arm of Plexus and, as such, assists in the design of new products as well as managing their development and testing.
From finite element analysis (FEA) to physical testing of components, Technologies designs and tests new products in compliance with, or in excess of, industry standards for release to the marketplace through the appropriate division.
As POS-GRIP® technology has continued to be developed, the range of potential applications has become apparent and our Technologies Division is developing and looking to develop upon that potential.
The Technologies division of Plexus works toward bespoke design concepts required by our clients and also looks at developing and improving designs and applications currently being utilised in the Oil and Gas Sector. The aim within Technologies is to design and test new products to current industry stands and beyond, therefore allowing Plexus equipment to achieve a greater potential.
Bernard Herman van Bilderbeek BSc M.Eng (aged 67)
Ben founded the Plexus business in 1986. He has more than 35 years’ experience in the industry in both engineering and management roles and previously held senior positions with Vetco Offshore Industries, Dril-Quip, and Ingram Cactus. Following a career at Vetco, where Ben rose to the position of General Manager of UK Engineering, he went on to found his own oil and gas consultancy, VBC Consultants, in 1982. During this time, his clients included Amoco, Marathon Oil, FMC Corporation and Dril-Quip. In 1986, Ben founded Plexus and went on to merge the wellhead division of his company with Ingram Cactus where he became President Eastern Hemisphere. In 1996 Ben regained the Plexus Ocean Systems Limited name through which POS-GRIP technology was invented and then developed and commercialised for the oil services wellhead equipment market.
Craig Francis Bryce Hendrie M.Eng (Oxon) (aged 42)
After gaining a Masters Degree in Engineering Science from the University of Oxford, Craig began his career with ICI plc in 1996 as a machines engineer. He joined Plexus in 1998 and was instrumental in the development, testing and analysis of the original POS-GRIP products. As Technical Director, Craig is responsible for overseeing new technology and concept development, product testing and analysis.
Graham Paul Stevens BA (Hons) (aged 57)
Graham has broad experience in financial, corporate, and operational management within both public and private companies including J Sainsbury plc, BSM Group Limited, Sketchley Group plc, and Fii Group plc. He has been involved in a range of industries as a director, investor, and advisor, and overseen a number of acquisitions and disposals, as well as the implementation of turn around and growth strategies. Graham is a non-executive director of Netplay TV PLC, the AIM listed largest UK interactive TV gaming company. He was previously a non-executive director of NRX Global Inc. the worldwide leader in Asset Information Management solutions used by leading companies in asset intensive industries, including oil and gas.
Jerome Jeffrey Thrall* BBA MBA (aged 66)
*Member of Audit and Remuneration Committee’s
Jeff joined Thrall Enterprises, Inc. (‘TEI’), a family owned holding company headquartered in Chicago, USA, in 1980 as vice president of corporate development of TEI’s subsidiary, Nazdar Company, a manufacturer and distributor of screen printing and digital inks and supplies. Jeff was named President of TEI in 1995. Jeff is also Managing Director of GSI Technologies, a printer of functional electronic products and industrial graphics. Prior to joining TEI, Jeff’s professional career included a number of appointments in investment banking, commercial lending and administration.
Geoffrey Edmund Thompson BSc (Hons) M.Eng (aged 61)
Geoff has over 37 years’ experience in the international oil and gas arena. Geoff’s expertise lies in the field of wellhead equipment including high pressure high temperature (HP/HT) technology. He has recently joined Maersk Oil in Denmark as a Principal Drilling Equipment Engineer, but prior to this, he was contracted as an independent consultant for 31 years advising international operators and oil service companies including a number of Shell Group Operating Companies on well equipment and all mechanical aspects of well design and technology. Additionally Geoff has an established relationship with the Company having worked with Plexus on an independent basis previously.
Charles Edward Jones* BSc M.Eng (Age 55)
*Member of Audit and Remuneration Committee’s
Charles has over 30 years of senior management and Board experience in the energy sector. In 2007, Charles was CEO of Houston-based Forum Oilfield Technology, a global oilfield products company which he successfully merged with three other companies in 2010 to create Forum Energy Technologies (NYSE: FET) and where he remained as President until 2013. Prior to Forum, Charles was COO of privately owned Hydril Company LP, where he played a leading role in the US based drilling and downhole products company’s IPO in 2000 and subsequent sale for US$2.1 billion. Before joining Hydril, Charles served as Director of Subsea Businesses for Cooper Cameron Corporation where he developed the global subsea production business.
Ms Kunming Liu (Aged 38)
Kunming has over 18 years’ experience in corporate finance and financial accounting. She currently holds the position of Vice President and Chief Administrator of HITIC Energy, an emerging oil and gas development company based in Canada, which is a subsidiary of Jereh Oilfield Services Group, a multi-billion dollar Chinese oil services provider and a Plexus licencee. Prior to this, Ms Liu was the Financial Director of Jereh Energy Services Corporation, a wholly owned subsidiary of Jereh. Additionally Ms Liu holds a major in financial accounting from Shandong Cadres Institute of Economics and Management in China.
Significant shareholders -
Mutual Holdings Limited - 44.4%
OFM Investment Limited - 15.7%
Liontrust Investment Partners LLP - 10.97%
LLC Gusar - 7.04%
Blackrock Investment Management - 5.8%
JM Finn Nominees Limited - 4.8%
Jereh International (Hong Kong) Co. Ltd. 4.65%
Plexus Holdings plc
(Registered Office Address)
42 - 50 Hersham Road
T:+44 (0) 20 7795 6890
F:+44 (0) 20 7937 4107
Plexus Ocean Systems Ltd
Burnside Drive, Dyce
T:+44 (0) 1224 774 222
F:+44 (0) 1224 774 333
Plexus Ocean Systems Ltd
78 Carden Place
T:+44 (0)1224 774 222
F:+44 (0)1224 774 333
Plexus Ocean Systems (Singapore) PTE. LTD
182 Pandan Loop
T:+65 6774 9326
F:+65 6774 9367
Plexus Ocean Systems (Malaysia) SDN BHD
Lot 2-2, Level 2, Tower B
19 Persiaran KLCC
50450 Kuala Lumpur
T:+60 3 2178 6165
F:+60 3 2178 6015